What authorization form is included as Exhibit L for a Buns On Fire franchise?
Buns_On_Fire Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBITS:
Exhibit A Location Addendum
Exhibit B. Guaranty (to Franchisor)
Exhibit C. Conditional Lease Assignment Provisions
Exhibit D. Site Location Addendum
Exhibit E. Internet, Website, and Telephone Listing Agreement
Exhibit F. State Specific Addendum
Exhibit G. Franchisee Disclosure Acknowledgement Statement
Exhibit H. Questionnaire
Exhibit I. Training Completion Agreement and Release
Exhibit J. [Reserved].
Exhibit K. Guaranty (Exclusive Supplier)
Exhibit L. Electronic Transfer Authorization
Exhibit M. Power of Attorney
Exhibit N. ADA Certificate
Source: Item 22 — CONTRACTS (FDD pages 48–49)
What This Means (2025 FDD)
According to the 2025 Buns On Fire Franchise Disclosure Document, Exhibit L is the Electronic Transfer Authorization form. This form likely authorizes Buns On Fire to electronically debit franchise fees or other payments from the franchisee's bank account.
For a prospective Buns On Fire franchisee, this means they will need to complete and sign this form to allow for electronic payments. This is a fairly standard practice in franchising, as it provides a convenient and reliable method for collecting ongoing fees.
Franchisees should carefully review the Electronic Transfer Authorization form and understand the terms and conditions before signing. They should also ensure that they have sufficient funds in their account to cover any authorized debits to avoid overdraft fees or other penalties.